Tax-managed Correlations
| RTLAX Fund | USD 81.69 1.36 1.69% |
The current 90-days correlation between Tax Managed Large and Cref Money Market is -0.08 (i.e., Good diversification). The correlation of Tax-managed is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Tax-managed Correlation With Market
Poor diversification
The correlation between Tax Managed Large Cap and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tax Managed Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Tax-managed |
Moving together with Tax-managed Mutual Fund
| 0.8 | RALAX | Growth Strategy | PairCorr |
| 0.71 | RALCX | Growth Strategy | PairCorr |
| 0.79 | RALSX | Growth Strategy | PairCorr |
| 0.69 | RALRX | Growth Strategy | PairCorr |
| 0.8 | RALVX | Growth Strategy | PairCorr |
| 0.85 | RSCRX | Us Small Cap | PairCorr |
| 0.75 | RSECX | Us Strategic Equity | PairCorr |
| 0.88 | RSEAX | Us Strategic Equity | PairCorr |
| 0.88 | RSESX | Us Strategic Equity | PairCorr |
| 0.7 | RBLCX | Balanced Strategy | PairCorr |
| 0.67 | RBLAX | Balanced Strategy | PairCorr |
| 0.68 | RBLVX | Balanced Strategy | PairCorr |
Moving against Tax-managed Mutual Fund
| 0.62 | RSBCX | Short Duration Bond | PairCorr |
| 0.61 | RSBTX | Short Duration Bond | PairCorr |
| 0.6 | RSDTX | Short Duration Bond | PairCorr |
| 0.59 | RSBYX | Short Duration Bond | PairCorr |
| 0.56 | RSBRX | Strategic Bond | PairCorr |
| 0.37 | RNTTX | International Developed | PairCorr |
| 0.56 | RSYTX | Strategic Bond | PairCorr |
| 0.43 | RTIRX | Select International | PairCorr |
| 0.43 | RTITX | Select International | PairCorr |
| 0.4 | RTIUX | Tax-managed International | PairCorr |
| 0.38 | RTISX | Select International | PairCorr |
| 0.38 | RTIYX | Select International | PairCorr |
Related Correlations Analysis
| -0.21 | 0.0 | 0.0 | 0.0 | 0.12 | 0.0 | QCMMIX | ||
| -0.21 | 0.0 | 0.0 | 0.0 | 0.91 | 0.0 | FAFSX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HEWXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | AEYXX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | JHMXX | ||
| 0.12 | 0.91 | 0.0 | 0.0 | 0.0 | 0.0 | SBFAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | IVMXX | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Tax-managed Mutual Fund performing well and Tax-managed Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tax-managed's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| QCMMIX | 0.02 | 0.01 | 0.00 | (3.86) | 0.00 | 0.03 | 0.03 | |||
| FAFSX | 0.91 | (0.04) | 0.00 | (0.07) | 0.00 | 1.71 | 6.26 | |||
| HEWXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AEYXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JHMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SBFAX | 0.79 | 0.01 | 0.00 | (0.02) | 0.00 | 1.69 | 5.22 | |||
| IVMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |